Physics Wallah Raises $210 Million in Series B Funding
Noida-based edtech company Physics Wallah has secured $210 million in a Series B funding round, led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. The company’s post-money valuation has now reached $2.8 billion, a significant 2.5X increase from its previous valuation of $1.1 billion.
According to Physics Wallah, the new funding will be used to scale operations and consolidate the education market. The company plans to expand into the K-12 segment, enhance its content offerings, and explore potential mergers with community-driven education platforms. The funds will also support inorganic growth and help Physics Wallah become a key player in the edtech space.
Founded in 2020 by Alakh Pandey and Prateek Maheshwari, Physics Wallah offers online and offline courses and study materials for JEE, NEET, and other engineering entrance exams, as well as state board exams. The company runs divisions focused on skilling, higher education, and study abroad, and its Institute of Innovation (IOI) provides 4-year residential programs that emphasize job readiness.
Initially launched as a YouTube channel in 2014, Physics Wallah claims to have offered free education to over 46 million students through its 112+ YouTube channels in five vernacular languages. The company’s app has been downloaded more than 30 million times, with 5.5 million paid students.
Revenue-wise, Physics Wallah has seen significant growth, surging 3.3X to Rs 779 crore in FY23. However, the company’s profit dropped by more than 90% to Rs 8.87 crore. Despite this, Physics Wallah anticipates reaching Rs 2,000 crore in revenue for the last fiscal year.
The funding comes at a time when investment in edtech companies has slowed down significantly. Edtech startups raised around $160 million across 27 deals in 2024 to date, a significant drop from the previous year. However, Physics Wallah’s Series B funding is a testament to the company’s continued growth and potential in the edtech market.
Key Takeaways
- Physics Wallah raises $210 million in Series B funding, valuation soars to $2.8 billion
- Company plans to scale operations, expand into K-12 segment
